Building cash reserves is vital for managing variable business revenue.
Just like personal savings, having a financial cushion ensures steady cash flow during slower periods.
Prepare your business for the unexpected. Click the link to get it for free!
https://education.mindovermoney.net/basics-bundle
#CashReserves #SmallBusinessOwner #PersonalFinances
A Roth IRA is a powerful tool for saving with tax-free growth and flexible withdrawals.
Even if you don't qualify directly, there are strategies to contribute.
It's a great option for securing your financial future.
Want tips on "how to DIY your financial plan"? Let me know!
#RothIRA #RetirementPlanning #InvestmentAccounts #TaxAdvantages
AI tools can offer cost savings, 24/7 access, and data-driven insights for finances.
However, they lack the personal touch, emotional support, and accountability a human planner provides.
Security risks and technical limits are also concerns.
Which would you trust more for your financial future? Let us know!
#FinancialPlanning #AITechnology #ChatGPT #HumanFinancialAdvisors
Not sure how to manage your finances?
A 20-minute consultation can help you identify the next best steps. Whether you're saving, investing, or planning for the future, this session will give you clarity and direction as you head into the new year.
Click the link for your complimentary consultation!
https://education.mindovermoney.net/discovery-call-personal-finances
#financialplanning #personalfinance #moneymanagement
Struggling with debt? A clear plan can help you pay it off and free up money to invest.
Get organized now and start your debt-free journey.
Click the link to grab your free debt payoff template!
https://education.mindovermoney.net/free-debt-payoff-template
#debtfree #debtpayoff #financialindependence #investing
Start the new year strong by mastering budgeting, saving, paying off debt, and investing.
Take control of your finances now so you’re not in the same spot next year.
Click the link to get a free template bundle and improve your financial journey!
https://education.mindovermoney.net/basics-bundle
#budgeting #saving #debtpayoff #investing #moneymanagement
Tipped workers still earn just $2.13/hour federally—a rate unchanged since 1991.
Some states have raised it, but is it enough? The Trump administration's proposal to remove taxes on tipped wages sparks debate.
Should the federal tipped wage increase? Share your thoughts!
#MinimumWage #TippedWages #FederalPolicy #HospitalityWorkers
Big news for retirement savers!
Contribution limits for 401ks, 403bs, 457s, and TSPs have increased—up to $23,500 for most and $31,000 for those 50+.
Plus, ages 60-63 can now save up to $34,750 thanks to the Secure 2.0 Act.
Are you taking advantage of your employer-sponsored plan contribution increases?
#401k #403b #457 #ThriftSavingsPlan #RetirementContributions
Tax refunds aren’t a financial win—they’re money you could’ve saved and earned interest on instead.
Breaking even on taxes means more money in your account throughout the year.
Are you team break even or prefer getting a refund?
#TaxRefund #PersonalFinance #MoneyManagement
Tax deductions reduce your taxable income, while tax credits directly lower your tax bill. For example, a $20,000 deduction lowers taxable income to $80,000, reducing the tax bill to $16,000. On the other hand, a $5,000 tax credit reduces the tax bill from $20,000 to $15,000, offering a bigger savings.
Understanding the difference can help you maximize your savings.
What are your favorite deductions and credits? Share below!
#TaxDeductions #TaxCredits #TaxableIncome #TaxCalculation